The HDB advertising process commences with the vendor registering an "Intent to Offer" to the HDB Flat Portal, which supplies an eligibility Examine, EIP/SPR quota for your block, and up to date transaction selling prices for nearby flats. This intent is legitimate for 12 months. Following a 7-working day cooling-off time period, the seller can grant an alternative to get (OTP) into a buyer for an alternative price of S$1 to S$1,000, that is legitimate for 21 days. The seller and consumer then submit their respective aspects of the resale application over the HDB portal, paying out an administrative rate of S$forty for one- and 2-home flats or S$80 for 3-place and bigger flats. HDB will then verify the paperwork, and acceptance is typically granted in two months In any case paperwork are endorsed online. Your entire system culminates inside a resale completion appointment, normally about 8 months after HDB accepts the resale application, the place keys are handed around and remaining legal documents are signed. For the duration of the procedure, sellers will website have to refund all CPF funds used for the purchase, which includes accrued curiosity, and repay any remarkable housing financial loans with the sale proceeds.